This article summarises potential new European regulatory obligations that may arise for any financial entity, whether located inside or outside of the European Union, that regularly or occasionally enters into securities finance transactions (including repurchase agreements, securities / stock lending or borrowing or margin lending).

On 3 November 2015, the Council of the European Union (the “Counsel”) adopted the European Commission’s proposal for a regulation on reporting and transparency of securities financing transactions (the “Proposed Regulation”).